Auto News 5

Volkswagen unveiled plans for a range of hybrid and electric vehicles that CEO Martin Winterkorn says will account for 3 percent of the German carmaker's global sales by 2018. Full story...

Fred Jordan is a true believer. Full story...

Toyota said today it has been subpoenaed by a federal grand jury in New York to turn in documents related to a problem with a component in the steering mechanism in some of its vehicles. Full story...

Toyota said it has been subpoenaed by a federal grand jury in New York to turn in documents related to a problem with a component in the steering mechanism in some of its vehicles. Full story...

Fisker Automotive on Monday closed on its purchase of a former General Motors Co. plant in Delaware, where it plans to build its second line of plug-in hybrid electric vehicles. Full story...

Honda said it would launch a plug-in hybrid and a battery electric model in the United States and Japan, and a new small diesel model in Europe as well as revamp its gasoline engine and transmission lineup to improve fuel efficiency of its fleet. Full story...

Volkswagen plans to launch full-electric vehicles in 2013 and expects these zero-emission cars to account for 3 percent of its sales by 2018, CEO Martin Winterkorn said. Full story...

ZF Friedrichshafen AG plans to boost its engineering staff in China by 60 percent to support Chinese automakers' demand for ZF transmissions. Full story...

Heavily indebted bearings and clutch maker Schaeffler Group plans investments of about 300 million euros ($389 million) by the end of 2012 to build three new factories and expand capacity at its existing 11 plants in Asia. Full story...

Citroen Racing has signed fresh contracts with Sebastien Loeb and Sebastien Ogier to keep both drivers at the French squad in the 2011 World Rally Championship. Full story...

It is possible that formula one's 13th and final team place for 2011 will not be filled. Full story...

Williams reserve driver Valtteri Bottas is targeting a place on the 2012 grid. Full story...

Abu Dhabi, United Arab Emirates - Today Ferrari World Abu Dhabi unveils its exciting and unique attractions, designed to tell the Ferrari passion, excellence, performance and technical innovation together with its story, to families and fans of all ages and interests. More than 20 rides and attractions, lying beneath the iconic 200,000 m2 red roof, will offer guests the time of their lives with the thrill of some of the world's most inventive rides, eye-catching surroundings, and a host of attractions that indulge the senses in ways never experienced before. Full story...

During his 2010 Mid-Year speech, Honda CEO Takanobu Ito talked about Honda's growth strategy as well as the company's direction for the next 10 years. Their goal is "to provide good products to our customers with speed, affordability and low CO2 emissions". Full story...

Work on the 2012 site of Austin's United States grand prix will begin in December, it has emerged. Full story...

FAZZT Racing's Alex Tagliani wants the governing body of the IndyCar Series to act swiftly as to penalize drivers that causes accident due to poor judgement or because some drivers keep a grudge. Full story...

Chip Ganassi will try to become the first ever team owner to win in the same year North America's three most notable motorsports events; the Daytona 500, the Indianapolis 500 and the Brickyard 400. Full story...

Sebastian Vettel has confirmed that his relationship with teammate Mark Webber is tense. Full story...

Randy Bernard, the IndyCar CEO, said that he's listening to proposals to add Quebec City to the schedule sometime in the future. That would be a third Canadian event after Toronto and Edmonton. Full story...

Completely redesigned, the all-new 2011 version of KIA's Sportage offers more urban and fluid silhouettes. Sportage also offers increased levels of performance and efficiency compare to its predecessor and features the latest in-vehicle technologies incorporated into all Kia's latest new vehicles. Full story...